Imagination Technologies licenses IP to Sharp Corporation

Imagination Technologies Group plc, the leading provider of multimedia and communication intellectual property ("IP"), today announces that Sharp Corporation ("Sharp") has licensed Imagination Technologies' IP for incorporation into Sharp Integrated Circuits ("ICs").

Sharp has licensed IP cores from all three of Imagination's technology divisions Metagence, Ensigma and PowerVR. The cores will be used in products targeting the consumer market.

Under the terms of the agreement Imagination Technologies receives license and customisation income and will receive royalty revenues when Sharp ships products incorporating Imagination's IP cores.

About Imagination Technologies
Imagination Technologies Group plc is an international IP licensing company that develops, licenses and supplies market-leading graphics/video cores, real-time DSP-enabled multi-threaded processors, communication and broadcast technologies for the consumer entertainment and PC markets. It supplies both licensable IP (Intellectual Property) and related advanced development tools to leading semiconductor and consumer electronics companies worldwide. Imagination Technologies Group plc has its corporate headquarters in the United Kingdom and is publicly traded on the London Stock Exchange (FTSE:IMG).

About Imagination Technologies IP
The META multi-threaded processor architecture, from Imagination's Metagence division, provides multiple real-time programming contexts that can operate independently and concurrently. This allows systems that would otherwise require multiple dedicated processors to be implemented on one device. The Ensigma UCC is a flexible and programmable communication processing unit designed for use in high performance devices. PowerVR's scalable technology covers a broad range of consumer graphics and visual applications ranging from embedded systems to location based entertainment. Imagination Technologies' META, UCC and PowerVR IP technologies are complementary and together offer the most comprehensive SoC-ready IP range for modern applications.